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John McCaw opted to sell half the Vancouver Canucks and General Motors Place to Francesco Aquilini in November 2004 after growing weary of prolonged talks with Aquilini's ex-partners for 100 per cent of the enterprise, he testified yesterday in B.C. Supreme Court.

"The other deal had been going on for one year," said McCaw. "The surety of a deal is quite important."

Concessions were made to Tom Gaglardi and Ryan Beedie, he said. McCaw said the price was cut to $232 million to cover $16 million in anticipated losses from the NHL lockout and a further $8 million discount based on expected VANOC payments.

Meanwhile, Gaglardi's $6.1 million offer to buy the WHL's community-owned Kamloops Blazers will be decided by club members on Aug. 20 after a separate B.C. Supreme Court ruling yesterday. Gaglardi's River City Hockey group includes NHL stars Jarome Iginla, Mark Recchi, Darryl Sydor and Shane Doan.